robotics / news / / The Economic Times
Toyota Motor plans to build three vehicle assembly plants in India's western state of Maharashtra.
Toyota plans three new assembly plants in Maharashtra, India, according to Nikkei newspaper.
KEY POINTS
- The new factories will triple Toyota's Indian capacity to 1 million vehicles annually by the 2030s.
- An estimated investment of 300 billion yen ($1.9 billion) is designated for this expansion.
- These plants will be Toyota's first in India to handle both domestic and export markets.
- Toyota will produce plug-in hybrid vehicles at the new Indian facilities, targeting environmentally conscious consumers.
COMPANIES
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